Transport Glossary
It is not always easy to keep track of all transport terms. Therefore, we have compiled a list of the most common ones:
| FCL | Full Container Load |
| LCL | Less than Container Load |
| TEU | Twenty Foot Equivalent Unit. |
| BAF | Bunker Adjustment Factor Oil surcharge that covers the increasing fuel prices. BAF is based on the shipping lines’ fuel prices |
| CAF | Currency Adjustment Factor Currency fee to cover the devaluation of the currency representing the main part of the freight. The fee is determined by the shipping lines and is a percentage of the main freight |
| PSS | Peak Season Surcharge Surcharge paid per container from August to November for container fra Asia to Europe. |
| Heavy Surcharge | Surcharge put on especially heavy 20’ container from the Far East. The surcharge varies from habour to habour |
| Low Sulphur Surcharge | Sulphur surcharge on all vessels crossing The Baltic Sea, Kattegat, Skagerrak, The North Sea and The English Channel |
| ISPS | International Ship and Port Sercurity |
| INCOTERMS | The Incoterms® rules are international terms of trade for the sale of goods compiled by the International Chamber of Commerce. The terms outline buyer’s and seller’s risk, responsibility and obligation in international trade. Incoterms® 2020 replaces Incoterms® 2010. Below you will find a list of Incoterms® 2020, or you can take a look at our INCOTERMS® 2020 sheet. |
| EXW | Ex Works |
| FCA | Free Carrier |
| FAS | Free Alongside Ship |
| FOB | Free On Board |
| CFR | Cost and Freight |
| CIF | Cost, Insurance and Freight |
| CPT | Carraige Paid To |
| CIP | Carriage and Insurance Paid to |
| DAP | Delivered at Place |
| DPU | Delivered At Place Unloaded |
| DDP | Delivered Duty Paid |